WALLDORF, Germany and ARMONK, N.Y. — SAP and IBM are working together to help financial institutions accelerate cloud adoptions and “modernize operations.” SAP plans to onboard two of its finance and data management solutions to IBM Cloud for Financial Services, according to the companies this week. The collaboration is intended to help the companies address […]
WALLDORF, Germany and ARMONK, N.Y. — SAP and IBM are working together to help financial institutions accelerate cloud adoptions and “modernize operations.”
SAP plans to onboard two of its finance and data management solutions to IBM Cloud for Financial Services, according to the companies this week.
The collaboration is intended to help the companies address the finance industry’s “stringent compliance, security, and resiliency requirements,” while supporting “business transformation.”
“The rapid transition of regulated industries, such as financial services, toward the cloud makes it necessary to address new operational and technology challenges,” said Bob Cummings, head of SAP financial services sector.
See more: SAP Develops SAP Business Network
IBM Cloud for Financial Services offers a secured, purpose-built environment for financial services institutions to transact with a growing ecosystem of over 100 partners and fintechs.
The cloud platform is designed to speed customers’ business transformations by both addressing risk in the supply chain and opening new revenue opportunities.
SAP intends to join IBM’s ecosystem to deliver finance risk, operations, and total spend management offerings on the IBM Cloud for Financial Services.
“As we continue to add partners, such as SAP, to our growing ecosystem, we’re one step closer to driving a true change in cloud adoption for the industry to ultimately help reduce risk throughout the supply chain,” said Joel Spieth, general manager, IBM Cloud for industries.
IBM and SAP have helped hundreds of companies digitize their operations using an open, hybrid cloud approach.
Chris Ehrlich is the managing editor of several web properties in the TechnologyAdvice network. He has over 20 years of experience delivering content-based results across journalism and communications, including on B2B technologies. As a leader in digital journalism, he’s driven targeted content that resonates with audiences and increases key metrics. As a leader in branded communications, he’s driven multi-channel content for clients that spreads their messages and generates measurable returns. He holds a B.A. in English and political science from Denison University in Ohio.
Datamation is the leading industry resource for B2B data professionals and technology buyers. Datamation's focus is on providing insight into the latest trends and innovation in AI, data security, big data, and more, along with in-depth product recommendations and comparisons. More than 1.7M users gain insight and guidance from Datamation every year.
Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.
